Brief: Janone Inc Enters Into Stock Purchase Agreement With Vm7 Corp

AI Financial

20/03/2023 11:24

March 20 (Reuters) - Janone Inc  JAN.O :
    * JANONE INC - ENTERED INTO A STOCK PURCHASE AGREEMENT WITH
VM7
CORP
    * JANONE INC: ON MARCH 19 ENTERED INTO A STOCK PURCHASE
AGREEMENT
WITH VM7 CORPORATION - SEC FILING
    * JANONE INC: VM7 AGREED TO ACQUIRE ALL OF OUTSTANDING
EQUITY
INTERESTS OF ARCA RECYCLING, CUSTOMER CONNEXX AND ARCA CANADA
    * JANONE INC: REDUCED LIABILITIES ON OUR CONSOLIDATED
BALANCE
SHEETS BY APPROXIMATELY $17.6 MILLION AFTER DISPOSITION
TRANSACTION
    * JANONE INC: WILL RECEIVE NOT LESS THAN $24.0 MILLION IN
AGGREGATE MONTHLY PAYMENTS FROM VM7

Source: [ID: https://bit.ly/3JSjUu0]
Further company coverage:  JAN.O 

 ((Reuters.Briefs@thomsonreuters.com;))